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's go to jeff ranieri with what's happening right now. >> a lot of rain in northern california. it's not just here in the bay area, but a good section of california. you can see on the estimated rainfall over the past 24 hours is covered in this dark green. that's at least three inches of rainfall. a lot of the river basins can't take any more. it's not just here, but again all the way up to the north of the rivers drained throughout redding, red bluff and chico and down into the bay area. everything is getting close. let's look at the maximum rainfall totals. in the north bay over eight inches. one of the highest. santa cruz mountains nearly 3 1/2. in the south bay, a very high total even for 3,486 feet, 7.24 is astonishing when you think about 24 hours. we will be under a flash flood watch for the north bay and the coastline with our next storm system coming in. we could see totals range from two to four inches. we are not done yet. it taps into a lot of moisture and we will detail when the rain moves in and where the biggest concerns are later on in the show. >> there several pa
what is going on as we head toward the end of the year. seema mody is at the nasdaq today. jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff end
of this fiscal cliff talk. jeff flock talks exclusively with the ceo coming up. we will be right back. dagen: top winners on the nasdaq. take a look. ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung functition all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. connell: we are back to talk about the largest producer gasoline powered engines i
. that is one of two binding constraints on our economy. >> eliot: before jeff i give him his moment, the reason i disagree is there are trillions of dollars of capital signature on the sidelines not being allocated and not being allocated for a host of reasons primarily a demand crisis and the government given the deficit, spends it. in consumption and its own investment, that seems to me to be the trigger we need to get the economy going. jeff, tell me why you disagree with me or ed. >> i do agree with you eliot. the proof of the pudding is the fact that we did cut tax rates on the rich in the early 2000s under president bush. they're the job creators, the investors, we got a bad economic recovery in expansion. virtually no job creation in that period. the reason is by in large what you're talking about. cutting tax on the rich is not the way to get growth. especially when taxes are already low. the way to get growth now is that we need more demand stimulus and the real danger is all this talk about cutting govern
to bring these jobs back. >> what do you think about jeff immelt's article where he says i'm bringing jobs back to america makes more economic sense. >> he was bringing jobs back to america. i wasn't prepared for this quiz this morning. i can tell you from memory, he brought a bunch of jobs back in lexington, kentucky. >> he is stoned. >> get lexington, kentucky out. >> do you feel like we do? we're going to kick out with frampton after he's done with this answer. >> he brought back a bunch of jobs at lexington, kentucky but at much lower wages. >> what kind? >> it was appliance jobs. >> they have the huge apply hans city down there and all these massive buildings and their own zip code and one building after another closed down. he's starting up one assembly line after another. are they going to get paid $30 an hour? no. >> here's the point. how do you have a ro best recovery when you have wage compression, people who made $30 an hour making $14 an hour. how do you grow an economy like that. >> the point is do we want these jobs building in germany or alabama. want them in lexington, kent
to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done privately. it generates a lot of income for cities. the argument is private industry can do it better than public government can do it. dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is fo
to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that rec
this break. first, take a look at metals. we are back after this. ♪ two. lori: jeff flock in the pits of this cme. jeff: we have a number of factors running today. i don't think any of them have to do with the fiscal cliff. you can see for your self the volume. there is tumbleweeds going through the pits. i will show you reasons why oil is off today. they all have to do with the middle east. suspended production with baghdad over prices. iran, to prices of military exercises. military exercises starting there today. that makes the oil market very jittery. you can see a little thin here. everything from wti to brent to gasoline futures to heating oil futures. we have a lot of cold weather coming in. a much more need for heating oil and the like. i didn't hear in that ad room. trading volume is light. tracy: so cool. jeff flock, thank you for doing that for us. [talking over each other] lori: as we do every 15 minutes, we chuckled the markets. nicole petallides on the floor of the new york stock exchange. nicole: a lot of down arrows. zynga is really bucking the trend. it is up 3.25%. i
on the accuracy of bills sent to medicare and medicaid. she'd never met former h.m.a. doctors jeff hamby, cliff cloonan, and scott rankin until we brought them together in new york to discuss their experiences at h.m.a. >> scott rankin: what's really remarkable is, we're from very different areas of the country, yet the pressures placed upon the emergency physicians and the mechanism in place to enforce those procedures and policies-- exactly the same. >> kroft: cliff cloonan is a retired colonel who spent 21 years as an army doctor before joining the carlisle regional medical center in pennsylvania as the assistant emergency room director. dr. scott rankin worked in the same department. both say they were told by h.m.a. and its e.r. staffing contractor, emcare, that if they didn't start admitting more patients to the hospital, they would lose their jobs. >> cliff cloonan: my department chief said, "we will admit 20% of our patients or somebody's going to get fired." >> kroft: what's wrong with admitting 20%? >> rankin: in a relatively rural, limited-resource community hospital, your admission
of conflict and humanitarian crisis. jeff, why is it that the crisis seems to be heating up? you point out that the congo that the government's army is losing battle after battle. being routed in battle after battle by the rebels. >> i think this is really an issue of state failure. i've been covering congo for six years and i've seen the country get weaker and weaker since i began. there was a big election in 2006 that created a lot of hope and enthusiasm that things were turning around. they haven't. since then, the government has become more authoritarian, more corrupt, more rebel groups. what we are seeing is a symptom and cause. it's a symptom of this weak state that can't control its own territory. watch the couple hundred rebels march into the big es city in the country and they didn't do much about it. that's also a cause. now that the rebels have taken goma, a lot of other opposition groups are starting to think wait, maybe now is the time to really take on the government, and people are smelling blood in the water, and that's the worry that these rebels in eastern congo do not ha
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issue like that, can take care of a child. definitely on their own. >> reporter: as evidence, jeff points to this 2010 police video where lynn was charged with disorderly conduct. but lynn says it was an isolated incident after a night out. >> i had too much to drink and i apologized to the court when i was taken to court. that's not a reflection on me as a mother. i wasn't drunk and in charge of my child. >> reporter: it is a classic he said/she said. >> i believe he set me up. >> reporter: lynn accuses jeff of unwanted controlling behavior including a plot to get her deported. >> he told the police on me, on the 24th of december, christmas eve, and i was removed from the house. i was taken to jail. >> reporter: something jeff denies. >> how could i get her deported? how is that even possible? >> reporter: telling a totally different story. >> i woke up with her standing over me with a knife. >> reporter: so why would the supreme court get involved? there is a treaty called the hague convention that says a child in the middle of an international custody battle goes to the country
management shake-ups of the year. jeff sonnenfeld will join us with the fiscal corporation movement of the year. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thou
after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> welcome back. you just heard from timothy geithner. did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any closer to a deal? chief washington correspondent john harwood watching this event closely. john. >> reporter: i think what we saw in that interview that steve had was furthe
of inflation could be closer than you think, and jeff says this is the time to be overweight equity. great you have to both with us. greg, let me ask you first of all. how much do we care about what ben bernanke said today in terms of what we do with our money? >> well, i mean, i don't think that this makes big changes in terms of how you govern your portfolio necessarily, about there are marginal impacts. i think this is going to bring down long-term interest rates a little bit more which will facilitate home purchases. it will facilitate refinancing or re-refinancing for people who have previously done so, and i think this pumps a little bit more air into that equity rally, so, you know, clearly people long in equities i think stand to benefit provided we avert the fiscal cliff. >> and, in fact, jeff, you're overweight equities as we said. why? >> first of all, plett me back up and say i think this announcement from the fed was really not a difference of degree but a difference of kind. as long as you have the fed standing by their policy of quantitative easing, you have the central banks ar
more workers. let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth quarter and a lot better than the first quarter of this year. >> how do you explain that then? >> what you're really seeing is that right now, as companies are looking at their demand, they are saying, you know what, you've got enough demand that i'll have to continue to creep up. this is not a robust hiring survey but a good hiring survey. i think the real crux is that we are forgetting that at any moment a ceo can push a button and say we're not going to hire anymore because they are used to being agile. you look at fiscal cliff and what's going on in europe. they are standing on guard ready
appointment. so now some democrats led by oregon senator jeff americaly are saying it's time to reform the senate rules themselves when the new congress convenes next month, they want to stop filibuster abuse by actually making senators talk on the senate floor when they want to filibuster. now, that didn't sit well with republican minority leader mitch mcconnell. >> what the majority leader is saying is he will break the rules of the senate in order to change the rules of the senate. i implore members on both sides to oppose this naked power grap grab strenuously and loudly. >> democrats can change the filibuster rules to prevent abuse of power when the new congress is sworn in. 48 democratic senators are on board with the rule change. but why is it so hard for democrats to summon these last few remaining votes? let's ask the man himself, the man leading the charge, oregon senator jeff americaly. thanks for being here. >> thank you. it's great to be here. >> you've got this plan, you've got a lot of senators on board. what exactly would your plan do and why would it deal with this gri
coach is sunny dykes. he included road victories over illinois and virginia. he is replacing jeff who coached a 3 and 9 season. dykes by the way had some experience who is an offensive coordinator in arizona. >>> even though it is still months away, there are allegations of cheating in the america's cup yacht race. they accused oracle of spying. coming up in about 10 minutes, a protest lies and some reaction from the racing analysts. >>> 5:49, back in for tara, how is it looking? >> everything looks good, i have a lot of green arrows and we did have some road construction along some bridges but that's wrapped up and your commute should be getting back to normal. you can see traffic is moving along nicely and in san francisco at this hour, the bay bridge toll plaza, it is starting to get backed up and we will not see it until 6:00 this morning. >>> finally at the san mateo bridge, there is a little bit of rain there on our lense and it does appear our roadways are dry. there is fog along the span that the chp has let drivers know about, so be careful, drive slowly. >>> well, we do have
, one of the best performing stocks on the s&p all year long, whirlpool. ceo jeff fettig. what does the head of the world's largest appliance manufacturer have to say. back in a minute. >>> take a look at the futures. reacting to a better than expected jobs report showing the month of november adding 146,000 jobs. unemployment rate edging lower to 7.7%. implied open on s&p 500 up 4.25 points. >>> a plan to shift concentration away from making hardware to designing software and services for data management at cisco. the ceo saying he wants to double software revenue in the next five years which today is a business of $6 billion. cisco sites slowing growth in economic demand due to the economic downturn and increased competition. looks like cisco is looking to gradually change to an area that would bring it more revenues overall higher margins in theory. >> i wish them luck. there's a competitive market there. you want to move into that competitive market. good luck. it's very hard. everyone knows that they don't spend like they used to. if this is an attempt to get into big data more
abiding friendship. i also want to recognize, as david has, the hard work of david, mike, jeff, of the center. who is responsible for convening this group of scholars, poice makers, and key figures from the private sector. as david highlighted this session i should point out that we examined the full spectrum over high skilled immigration in an effort to refrain current thinking about admission policies or highly skilled foreign born workers. experts provide different perspectives on the suggest and discuss the benefits and limitations of current and proposed policies. simply put, they put deliberations together with some very smart people. the writer famously observed that the thing he disliked about an argument that it interrupts a discussion. our aim is discussion tonight. to pull threads together and to invite your questions and discussion and to focus on some of the big issues. to do so we have aseemed a panelist representing three groups. the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a
chevy silverado and gmc pickups hoping the new models will drive sales for the auto giant. jeff flock live in pontiac, michigan, with more. >> i'm surrounded by the team that put this together. all these folks you see are the ones who put together the gm sierra and silverado pickup. we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at where the strike is a and look t the pent-up demand. >> this is a huge vehicle for gm, the best-selling of all gm vehicles. a quick look at what they unveil look like, a really exciting unveil. harkening back the old old days where they blew things up and crash cars through things. a big unveiling for g gm. good luck to them, they will ne
, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got news, clearwire selling itself to sprint for $2.97 a share and sprint raised its offer by 7 cents. some clearwire shareholders wanted and expected more. that stock is down. sprint is up, it's getting what people consider a good deal, at least that's what the market is saying. it's up what, 4 cents, not much. aig selling the rest of its asian insurance unit it's going to bring in 6.5 billion dollars. that was the jewel in the aig empire, being sold. general electric, meeting with investors in new york today. on friday it raised its dividend, but it will pay it next year. not good for shareholders because if taxes go up, th
of the hour, we'll talk about the impact of fiscal cliff on the businesses and the market. jeff solomon is the ceo of cowan and company. but before we get to all that, joe has your morning headlines. >>> president obama's going to speak to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnearney says members want a balanced solution in debt issues, including meaningful and comprehensive tax and entitlement reforms. well, you're not going to get that. anyway -- sorry, jim. we're going to be watching facebook stock today. the company will join the nasdaq -- got to watch it. i'm trying to rise. trying. the nasdaq 100 -- >> sinking, sinking -- >> like a snake. replaces tech firm emphasis, which is moving the listing to the big board. and let's get a check on the markets which are indicated higher today up about 50 points. overseas, let's check out asia and europe. there's a -- .4%. >> had a big move. >> yeah. big move on the hang seng and green arrows everywhere. let's check out europe quickly. also fractional gains there, up about a third of a point eac
executive admits -- santa clara county executive jeff smith says internal controls broke down because auditors were his tent to challenge board members about their spending. smith's comments come after the news reported an audit found that shirakawa used the county credit card for personal expenses. he reimbursed the county for $7,000. they are recommending he immediately pay back an additional $12,000. >>> nudist in san francisco are planning a civil lawsuit against the city. >> bodies freedom. >> these protestors stripped off their clothes and screamed at the board of supervisors yesterday. city hall security had to cover up about a half dozen nudist and escort them out of the chambers. the board voted 6-5 on a final approval to ban public nudity. >> it does not harm children. in fact it's known that children raised in nudist families are more comfortable with who they are. >> it's about people in the neighborhood who have lived here for a long time. who have gotten sick of their only public space being used in this way. >> san francisco mayor ed lee is expected to sign that ordnanc
fiscal cliff with jeff blake from arizona. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to the "squawk on the street." i'm sharon epperson with the latest report from the energy department on oil supplies. could oil supplies in the past week, they rose by 843,000 barrels, 843,000 barrels, that was an increase where many analysts had been anticipating a decline. but it was not as big a build as what the american petroleum institute reported last evening. the gasoline supply numbers, definitely one that surprised many traders. an increase of 5 million barrels in the past week. gasoline supplies rose by 5 million barrels in the past week. and supplies rose by 3 million barrels in the past week. we are looking at prices coming off of their highs of the session. a big build across the board. that is l
to food network jeff guy. lawyer for max wade will argue there is no connection between the two alleged crimes they should not be included in the same complaint. prosecutors say he -- and fired shots at a truck he was riding in when he rejected him. >>> it's almost like an early holiday gift. bay area gas prices continue to drop. east bay averages a penny more and in san francisco the average is $3.63. usually california gas prices are 40-50 cents higher than the national average but right now we're only 25 cents higher. >>> be careful driving wherever you are. it's wet. and sal, you're talking about crashes already. >> we have crashes in the south bay and a bunch of minor ones here and there along the roads. first of all let's take a look at northbound 101 at matilda avenue. still clearing a crash that was blocking to lanes on northbound 101. it's still early. the backup has not grown into san jose. as we tilt the maps up to hayward city still a decent drive but wet all over the place. if you are driving in contra costa county highway 4 is a little slow. it's okay in bay point. and 680
and jeff bezos. and it's going to double every couple of years and continue and roll through the economy, so you're going to have a digital revolution with artificial intelligence, voice recognition, things that transform the way we live our lives no matter, even if the economy keeps growing at 1% or 2%, one big question, is that growth and innovation going to happen here in the united states or more of it overseas in places like china? >> yeah, well, take this robotic device i just-- this is a medical device and under the obamacare law, medical devices will be subject to a tax because they have to pay for obamacare. >> paul: yes. >> this is the sort of thing, if we keep doing will suppress the growth of technology in this country and then again, there's the issue of immigration policies. a lot of this technology driven by engineers who come from asia, silicon valley and has been the result of immigration into the united states. if we don't stand in the front of these things, we can grow. >> paul: dan, thank you. coming up in our second half hour, a look ahead to 2013. is the economy poi
. that's why i'm not endorsing that thing head on. wednesday jeff from virginia asked me about hillenbrand. they're the largest producer of burial caskets in america. stock's had a big move in the last two weeks, reporting a strong quarter and making an acquisition of caperion. i like where they're headed. i like the 3.6% yield. after this run let's wait for a pug back inspired by the fiscal cliff woes you know we have that more in the future. this one does look like a winner. i'm endorsing hillenbrand. the company has been mentioned as a candidate to give you a special dividend before year end to beat those higher dividend rates i think sadly are definitely in the cards. now it's time for some tweets. let's take our first tweet. this one is from @w3kn. he says, i think he's a he, he says "congrats to regina. are you guys playing nice while the e.p. is gone?" this is in mention to regina. great family. we miss her horribly. we have a good backup staff because she knew that one day she was going to have this baby. next tweet from mike_ded. his tweet says "regeneron since last wi
. >> let's get reaction. s & p capital, jeff cox at cnbc headquarters and rick santelli in chicago. sam, where do you stand on all this? what's your take in terms of republicans coming out with their plan, post the president's plan released this weekend as well? both plans where we left off with the last bargaining going on? >> i think, once again, what we're finding is that congress can teach shakespeare something about drama. i think they'll wait it out until the 11th hour and even allow us to fall off the cliff. it's easier to look like a white knight if they're reactive rather than proceed active. >> last week when the markets were volatile, now they are taking it in stride. we're coming back a little bit but not the volatility from last week. a little complacency or are we getting used to the drama out of washington? >> i think we're getting used to it? i think it's worth noting that on the 16th when we started to get this good news trickling out, the 19th when we got this big rally, the market stopped trading as correlated as it was prior to that. from the election until the 16th,
. scott is not there yet. jeff cox, the market is still waiting on the fiscal cliff. they're still sort of held accountable for that right now. yet, the investors' sentiment numbers are the highest in a while. what do you make of that? >> this isn't just the most hated stock market rally ever as some have suggested. this might be the most hated stock market ever. let's just talk about some quick numbers. market trading volume down 19% this year. we've seen $125 billion come out of equity based mutual funds. $300 billion go into bond funds. really, no appetite for getting into this market in terms of the volume. why? i think there's a general distrust of the markets. fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month
, jeff flake. >> right. >> but he is also the guy that gave his personal seal of approval to crazies like christine o'donnell and sharron angle and richard mourdock and todd akin. in the end, is this a net-net win for republicans who have some amount of their sanity, a shred of it left? >> not necessarily. when they did the count of his 35 major legislative proposals, none were enacted into law. as you were reporting, alex, it was really the king maker status and the relationship with the tea party that he leveraged more so than doing anything specific on the hill. having said that, what i think is particularly interesting is this reflects sort of the weird moment that we're in political life in the country. participation is very high. democracy is very low. and so while people are turning out to vote, and we have all this incredible enthusiasm out there. we just had this big long election. we have a congress that everyone knows is broken. we have money that really, you know, floods the system. and we have a senate in particular that has record-breaking filibuster and obstruction rates un
right. john, what are your clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the weekend was a lot better than it had been. moving a little bit. senator corker moving as well. we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli sho
what you do? >> yeah. on days like this, yeah, i do. >> thanks, jeff. hey, get my friend a beer as well. one of those fancy imported ones. >> sure. maybe like a granola bar to go with it. >> you know what it takes, steve? >> huh? >> do you have what it takes? >> oh, to be you? yeah. absolutely. >> huh? >> you just might. >> and i will drink to that. >> hey, there she is. ready to go? >> yeah. all right. hey, thanks for the beer, that was really sweet. >> i hope you guys have a great night. thanks, jessica. >> i am really looking forward to tomorrow. >> should be fun. >> yeah. >> rose: if he says this movie is about a modern day american identity, what do you say it is about? >> i always think of it as a kind of movie that i was used to seeing in the sixties where it is sort of a story about corporate shenanigans or corporate manipulation. >> rose: does it remind you of any of those movies? >> one is mirage, with gregory peck, i remember that one. >> rose: yeah. >> which the story occurred during the blackout of 65 or 64. which is a great movie. where the corporate heads are afraid that
enough to do this. only jeff lacker from richmond fed gave incentive this time around. there is a bit of confusion as i head this statement. there's two different things going on. one is asset purchases. other is funds rate target. there are two different litness tests for now long they go on. federal reserve says it'll keep going if the labor market doesn't show signs of improvement. we have to ask bernanke how well this works together adds a whole, to really explain what is going on here. >> what is the implication steve, of that economic trigger on the fed's funds rate. for investors holding fixed income assets. as you move down towards the 6.5% magic point. what happens in the markets? >> well, i mean, you a sense e sensitively, the market will anticipate either an ending of of the program as we near it or even potential asset sales if we do get a rise in inflation towards 2.5%. i would like to point out, tyler, that 6.5% average number is exactly the number that was given to us by our -- in our cnbc survey yesterday. they hadn't talked about it at 7% but 48 respondent's came in
will jump in. the other thing we don't have in equity, we have two superstars, bill gross, jeff gunlock, knocking the cover off the ball. people like to buy the personality. no peter lynch in stocks anymore. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of
is a topeka police officer and 29-year-old jeff attarly. he had just joined the force last year. >>> the most detailed report on the benghazi terrorist attack reloosed today. the independent advisory review board will deliver its assessment to the state department. congress will see it. the state department will make recommendations on improving security. secretary of state hillary clinton ordered this review. she's not testifying about benghazi this thursday after fainting and suffering a concussion. >>> brand-new video showing the aftermath of an overnight bomb blast in kabul, afghanistan. two afghan workers died in this attack outside a compound housing u.s. military contractor. dozens left injured, including the american director of the virginia-based company contracts. spokesperson for the taliban claimed responsibility for this attack. >>> a group of soldiers weren't scheduled to come home until january from afghanistan. but we need a good news story. let's look at this christmas miracle. ( [ cheering ] nine army soldiers from the 4505 civil affairs battalion coming thome salt lake city
. gin me as former fbi agent jeff lanza, we want to point out he is no relation to adam lanza. security was tight at this school in connecticut. but the gunman was able to get in any way. apparently shooting his way in. is there any way to stop that? >> no place is 100% safe. schools have been in lockdown mode since columbine in terms of the locks and doors they have, buzz-in procedures. that's very important and probably resulted in a lot of people not getting hurt but the problem is, they are never 100% safe. use a gun to break open windows, break open windows other ways, get your hand in and open the door. that's what happened here. no place is 100% secure. >> what about the guns? handguns were found in the school. a rifle in his car. can stronger restrictions on guns prevent these shootings? this opens up the whole gun control debate. where do you stand on that? >> you know, i think -- uncan't make the deaths of these children and the adults to have -- to have less meaning or no meaning at all. it needs to be a legacy and the legacy is congress and the highest levels of government,
. >>> sunny dikes from louisiana is the new cal coach. he he's replacing jeff tedford who coached cal to a 3-9 season. his previous experience -- he has previous offensive coordinator and coordinator q in arizona. >>> you have until noon today to get tickets for the rosebowl. now, merchandise are hot items. demand is a lot greater than in 2000, the last time the cardinal went to pasadena. >> i would like to have my different shirts and items that will point to the actual date so i can show grandkids. >> some of the fans are paying between $50, $180. stanford will be paying wisconsin, the same opponent as the year 2000. >>> will the hockey lockout end any time toon? they say they had -- any time soon? they say they had late talks. still no word on what kind of progress has been made. they are hoping to reach a good deal to save at least part of the hockey season. >>> the new call of duty, black ops 2 is setting records. it had a billion dollars in sales than the first 15 days in sales. half of the sales, by the way, came during the first 24 hours. >>> and twitter users will not be able to use
and ultimately revealed to the public. these employees from jeff north have been off work more than two years and the time has come to put the situation behind us and put focus on quality products. the president back in detroit today with scheduled visit to the daimler detroit diesel plant in redford, michigan, a different one. martha: good old-fashioned investigative reporting on this one. caught on camera moments you have to see to believe. my favor when they chuck the bottle in the woods when done drinking with it. >> reporter: you really do. as attorney, understanding the arbitration process it is hard to understand how when you see what they did, they got their jobs back. take a look at this. this is the chrysler plant parking lot where workers are on break. they were videoed several day's by fox's own rob walchek, the detroit affiliate. as a result of what he found he brought it to chrysler's attention. 13 employees fired following chrysler's investigation. two suspended 30 days. all of them back at work. check this out. roll the tape. >> hey, guys, hate to be a buzz kill, shouldn't you
the company of loved ones. >> and then, congressman, just after he said that senator jeff sessions of alabama said this, and i shall quote, president obama today gave another speech about the fiscal cliff, no plan, nothing that can be scored or analyzed, just another speech. if president obama wishes to avoid the fiscal cliff then he with all of the power and influence he holds as the leader of this nation must submit to congress in legislative form a plan that he believes can pass both chambers of congress with bipartisan support. no more secret meetings and pointless press conferences. your reaction to both of those? >> yes, i do agree with senator sessions. you know, back room deals, they never work out well. i do commend speaker boehner for allowing the house to work its will and to work by regular order. we have sent all of the bills that the senate needs to address this. the first one went over on may 10th which was reconciliation. august 1st was our tax extenders. the third was on our sequester. and then you finished in september with a path for tax reform. they are all on harry reid's
at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually. ac tweets to accomplish my 2012 resolutions. that's one where i think a lot of us would agree. if you want to join the conversation, send in your thoughts worldwide@cnbc.com. tweet us, @cnbcwex or tweet us individually. >>> the senate in the race against the clock as lawmakers try to solve the fiscal cliff impasse ahead of tonight's deadlines. >>> china ends the year as a sign of manufacturing growth as manufacturing activity hits itself fastest pace in 12 months. german, japanese and hong kong stocks are leading the way today. here is a look at today's other top stories. congress may be able to avoid the so-called dairy cliff. the house and senate agriculture committees are set to temporarily extend the u.s. farm bill. the move would keep a long dormant milk subsidy from coming back to life when the current farm bill expires today. the usda would be forced to buy milk well above what price they currently buy. we should do a chart comparing m
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